Ultra
Brooklyn maker of e-commerce packing robots leased by the month, running Physical Intelligence models; $62M raised
Startup · Shipping · Robotics leader · Brooklyn, New York, United States · ultra.tech
- Founded · not confirmed
- Founders Jon Miller Schwartz · only CEO confirmed
- Customers · names not confirmed
- Valuation · not disclosed
- Headcount · not published
Profile
Ultra builds and installs robots that pack e-commerce orders at third-party logistics warehouses: a two-armed torso mounted on an industrial arm. It does not train its own AI; the robots run on models from Physical Intelligence, which adapt them to each customer's site, and Physical Intelligence gets real-world warehouse data in return. Customers pay an up-front integration fee and then a monthly fee for hardware and software support. The company says its robots have packed more than 500,000 orders, and its CEO told Fortune that demand has let it raise prices; revenue is not disclosed. On Oct 9, 2026 it announced a $50M Series A led by Framework Ventures and an earlier $12M seed led by Y Combinator and NextView, $62M in total.
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Leadership
- Jon Miller Schwartz, CEO
Flagship products
- Ultra packing robot Autonomous machines
Two-armed torso mounted on an industrial arm that packs e-commerce orders at third-party logistics warehouses; customers pay an integration fee and then a monthly fee
Funding and valuation
Latest round
$50M
Series A · Oct 9, 2026
Led by Framework Ventures
Also Y Combinator.
Total raised
$62M
As of Oct 9, 2026
$50M Series A plus an earlier $12M seed led by Y Combinator and NextView, both announced Oct 9, 2026
Trademarks
No US filings since 2025 (last checked ).
Source: USPTO Trademark Search, matched on the company’s legal names. Rechecked on the 1st and 15th of each month. A filing shows intent to use a name in the US, not a launched product.
Competitors
Companies with overlapping products. Direct = same customers and same job; Adjacent = overlapping technology or market, different focus.
THEKER
Direct competitorBoth lease AI robots to warehouses for packing work: THEKER builds reconfigurable AI robots for factories and warehouses, sold as a service, while Ultra leases two-armed packing robots to e-commerce warehouses by the month.
Mujin
Adjacent competitorBoth automate warehouse handling: Mujin sells MujinOS, software that lets warehouse and factory robots plan their own motions, while Ultra leases two-armed packing robots to e-commerce warehouses by the month.
Sereact
Adjacent competitorBoth automate e-commerce picking and packing: Sereact makes the Cortex AI model that runs robots picking items in warehouses, while Ultra leases two-armed packing robots to e-commerce warehouses by the month.
Recent news
Sources
- Ultra raises $62 million for fast-growing ‘robots as a service’ business, announces tie-up with AI research firm Physical Intelligence (Fortune) (Oct 9, 2026)
- Ultra Robotics Raises $50M in Series A Funding (FinSMEs) (Oct 9, 2026)
- Ultra Robotics (Oct 13, 2026)
Confidence: medium.